Market Diary:
World Indices:

Monday, June 18, 2012

Chart Patterns - Examples

The following charts are pretty random ( I know ). They are here only because they are linked to the PowerPoint presentation materials of an intended Technical Analysis Workshop I am planning to conduct called "Chart Patterns"

Symmetrical Triangle - KepCorp

Head and Shoulders Pattern

Head and Shoulders Pattern Example - City Development


Flags and Pennants


Failed Symmetrical Triangle 

Failed Pennant

UOB - Failed Symmetrical Triangle

STI - Failed Ascending Triangle

Yoma - Bull Flag

DJIA - Head and Shoulders Pattern

DJIA - Head and Shoulders Monthly Chart

Sunday, June 10, 2012

Is Technical Analysis Still Relevant ?

[ Hindsight Comment : July 4, 2012 ]

The post below was written on June 10, 2012. At that time, the STI has violated Trendline A which is an important trendline with three valid touches.  I have expected that the STI will met the trendline violation target. However, a hindsight view of the chart ( above ) shows that the market did not respect the important of trendline violation. This is one of the many incidents I have found lately from many charts.  Is Technical Analysis still relevant ?

With this, I have decided to reduce my dependency of classical technical analysis but place more emphasis on system trading ! 

 ================= Original Post Dated June 10, 2012 ==================

Trendline A is a long term uptrend line of STI with three valid touches. This uptrend line was penetrated decisively on around May 25 suggesting more weaknesses ahead . The downside target is approximately at October 5, 2011 low. As the current market is quite oversold, it is likely we may see the index rebound to touch Trendline A ( 2,800 ~ 2,820 ) before resuming the selling to meet the downside target ( around 2,500 ).


Saturday, June 9, 2012

Biosensors - Long Term Uptrend Line Broken

The long term uptrend line of Biosensors was decisively violated on May 4. Thereafter, a return move occurred where prices returned to touch the uptrend line.  The trendline violation target is S$ 0.95.